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a predicted economic disaster over the debt limit. let's bring in senior political correspondent, jon karl, please tell us there is some whiff of bipartisan compromise in the air. >> i would love to tell you that. there is no whiff quite yet. i can tell you in fact they are moving in the exact opposite direction. the house of course passed the republican version of the debt ceiling bill, john boehner's bill. the senate acted immediately to reject it. now i'm told the house is going to move forward tomorrow at 1:00 with a vote on the democratic version that harry reid has put forward. they're going to reject that. we will have republicans rejecting the democratic deal. democrats rejecting the republican deal. house-senate, no action. clearly there are negotiations going on behind the scenes. >> let's talk about worst case scenario. if the markets open on monday and tank, is there some trigger mechanism to avoid a cataclysmic event? >> there are emergency powers the president can exercise. before we get there, bill, what i expect to see happen is that the two sides will negotiate late into t
it that summer popcorn feel with a little bit of action, a little bit of fun. >> reporter: jon favreau is the director. on a roll after dodog the successful "iron man" movies with robert downey jr. this one is close to his heart. you always wanted to make a western? >> yeah, i wrote a western right after "swingers." i've been trying to work in this milieu for a long time. >> reporter: what is it about westerners you love? >> it's a classic american forerule. it's opera. big characters and big stories. there's a hero, somebody who needs redemption. those stories are told time and time again. >> there's a sort of simple thethic that the western man lived. it really was self-reliance, you know. it was simple rules. finish what you start. you know? do the best job you can. they're all -- they were work ethic rules really. and so it's nice to do a film that has that as, you know, as part of the armiture of it, the simplicity, straightfordness and something really sort of black and white. >> take 'em to missouri, mit. >> reporter: for decade, hollywood made western movies like "red river" to
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